Top Ad
I DIG Radio
www.idigradio.com
Listen live to the best music from around the world!
I DIG Style
www.idigstyle.com
Learn about the latest fashion styles and more...

Hurricanes extend PNC Arena lease for 5 years

Written by 
Published in Hockey
Thursday, 28 May 2020 16:56

RALEIGH, N.C. -- The Carolina Hurricanes have reached a five-year lease extension to remain in PNC Arena through July 2029.

Arena owner Centennial Authority and Hurricanes parent company Gale Force Sports and Entertainment announced the agreement Thursday. The current lease agreement runs through the end of June 2024.

The News and Observer of Raleigh reported that deal provisions include an agreement by the Hurricanes not to relocate during the current lease, as well as the elimination of rent payments following the 2020 fiscal year.

In a news conference, team president and general manager Don Waddell said the new deal comes after more than a year of discussions along with talks about facility upgrades and more development in the surrounding property.

"The authority believes that the Hurricanes are very important to the community, and that's why we worked really hard to try to keep them here," said Tom McCormick, Centennial Authority board chairman.

The Hurricanes have played in the arena since its 1999 opening and share it with the North Carolina State men's basketball team.

"This extension gives us the flexibility and time to make sure we make the best long-term decision for the Hurricanes and the Triangle -- whether that means a major renovation, development around this arena or a new arena," Hurricanes owner Tom Dundon said in a statement. "We have a great place to play, but there are things we need to address based on the age of the facility, the arena's amenities and the area around the building."

Read 1088 times

Soccer

Fermín signs new Barça deal with 500m clause

Fermín signs new Barça deal with 500m clause

EmailPrintOpen Extended ReactionsBarcelona have rewarded Fermín López's early-season form with a new...

Bundesliga leaders Leipzig will put Dortmund's faith in Şahin to the test

Bundesliga leaders Leipzig will put Dortmund's faith in Şahin to the test

EmailPrintOpen Extended ReactionsBorussia Dortmund have again dominated the German football headline...

Messi: Had to reinvent my style due to age, MLS

Messi: Had to reinvent my style due to age, MLS

EmailPrintOpen Extended ReactionsLionel Messi acknowledged he has reinvented his style of play since...

2026 FIFA


2028 LOS ANGELES OLYMPIC

UEFA

2024 PARIS OLYMPIC


Basketball

Sources: Magic's Banchero questionable vs. Cavs

Sources: Magic's Banchero questionable vs. Cavs

EmailPrintOpen Extended ReactionsOrlando Magic star Paolo Banchero has sustained a right abdominal s...

The quiet free agent signing who could finally unlock KD, Booker and the Suns' Big 3

The quiet free agent signing who could finally unlock KD, Booker and the Suns' Big 3

EmailPrintOpen Extended ReactionsFOR MOST OF his 13 years in the NBA, Bradley Beal has had a good se...

Baseball

Rays' Franco sexual abuse trial to begin Dec. 12

Rays' Franco sexual abuse trial to begin Dec. 12

EmailPrintOpen Extended ReactionsTampa Bay Rays shortstop Wander Franco's trial in the Dominican Rep...

Passan: How the World Series champion Dodgers validated their era of dominance

Passan: How the World Series champion Dodgers validated their era of dominance

EmailPrintOpen Extended ReactionsNEW YORK -- Two days before the Los Angeles Dodgers' postseason beg...

Sports Leagues

  • FIFA

    Fédération Internationale de Football Association
  • NBA

    National Basketball Association
  • ATP

    Association of Tennis Professionals
  • MLB

    Major League Baseball
  • ITTF

    International Table Tennis Federation
  • NFL

    Nactional Football Leagues
  • FISB

    Federation Internationale de Speedball

About Us

I Dig® is a leading global brand that makes it more enjoyable to surf the internet, conduct transactions and access, share, and create information.  Today I Dig® attracts millions of users every month.r

 

Phone: (800) 737. 6040
Fax: (800) 825 5558
Website: www.idig.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Affiliated